Course ID: ACCREAL

Expired – Accounting for Real Estate – The Critical Issues of GAAP Compliance

Considered by many to be the most difficult industry to stay in compliance with GAAP, we will discuss how to prepare financial statements for Real Estate entities without significant GAAP errors.


LEARNING OBJECTIVES
  • Participants will learn to understand how to avoid the pitfalls of GAAP compliance when preparing financial statements for real estate entities and for CPAs in public practice, how to effectively and efficiently audit or review these entities

MAJOR TOPICS

Understand cost capitalization vs. expensing in accordance with GAAP during the 3 stages of a real estate development project

  • Understand the concept of cost allocation for real estate entities and how to do it in accordance with GAAP
  • Be aware of the many GAAP issues during the operational stage of a real estate project
  • How to properly recognize gain or loss upon disposal of real estate (possibly the most difficult area of GAAP compliance)
  • Staying in GAAP compliance regarding the issue of recognizing impairment losses, especially in today’s troubled real estate market
  • For CPAs in public, how to effectively and efficiently audit a real estate entity
  • For CPAs in public, how to effectively and efficiently review a real estate entity

DESIGNED FOR
CPAs/accountants in public and industry responsible for financial statement preparation of real estate entities; CPAs in public who audit and review these entities

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
8.0

LEVEL
Basic

This course is avaliable for your group as:

Group Live
 

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